Annual Compliance For Private Limited Company In Delhi – A Simple Guide

Annual Compliance for a Private Limited Company in Delhi is exciting, but staying compliant is crucial to avoid penalties and keep your business running smoothly. Annual compliance refers to the set of legal filings and formalities every Private Limited Company must complete every year, regardless of its turnover or operations.

Why is Annual Compliance Important?

1. Avoid Penalties - The Ministry of Corporate Affairs (MCA) can fine you heavily for delays or non-filing.
2. Maintain Credibility - A compliant company is more trustworthy to investors, banks, and clients.
3. Legal Standing - It ensures your company stays active and in good legal standing.

Key Annual Compliance Requirements

Here’s a list of the main annual compliances for a Private Limited Company in Delhi:

1. Board Meetings

• At least four board meetings must be held every year.
• The first board meeting should be within 30 days of incorporation.

2. Annual General Meeting (AGM)

• It must be held every year within 6 months of the end of the financial year (before 30 September).

3. ROC Filings (Registrar of Companies)

• Form AOC-4: For filing financial statements – Due within 30 days of AGM.
• Form MGT-7: For filing annual return – Due within 60 days of AGM.

4. Income Tax Return

• Must be filed by 30th September (unless extended by the government).

5. DIN KYC (DIR-3 KYC)

• Directors must update their KYC details every year by the 30th of September.

6. Audit of Accounts

• All companies must audit their accounts with a chartered accountant.

Additional Compliances (If Applicable)

• GST Return Filing
• TDS Return Filing
• Statutory Audit Report Filing

Documents Needed

• Financial statements (Balance Sheet, P&L)
• Board meeting minutes
• Auditor’s report
• DSC (Digital Signature) and DIN of directors
• Bank statements, invoices, and accounting records

Conclusion

Staying compliant is not just a legal formality—it helps your business build a strong foundation. If you're running a Private Limited Company in Delhi, ensure you meet all your annual compliance requirements on time. You can also consult a professional or service provider to manage it smoothly.